The Timken Company Acquires Intelligent Machine Solutions (iMS)

The Timken Company Acquires Engineered Solutions Group (iMECH)

October 16, 2023

Manufacturing

The Timken Company has agreed to acquire Engineered Solutions Group (also known as Innovative Mechanical Solutions or iMECH), a Houston-based manufacturer of thrust and radial bearings, specialty coatings and other components serving the energy industry. iMECH employs approximately 70 people and projects about $30 million in revenue for 2023; Timken will fund the purchase with cash on hand and its existing revolving credit facility and expects the deal to close in the fourth quarter.

Applied Industrial Technologies Acquires Advanced Motion Systems Inc.

April 4, 2023

Industrial Services

Applied Industrial Technologies (NYSE: AIT) has acquired Advanced Motion Systems Inc. (AMS), a Rochester, New York-based provider of machine vision, robotics, and motion control products and engineered automation solutions. The acquisition expands Applied's automation capabilities and strengthens its footprint in the U.S. Upper Northeast; financial terms were not disclosed.

Advanced Mission Solutions Acquires Innovative Management & Technology Services (IMTS)

November 15, 2021

IT Services

Advanced Mission Solutions, LLC (AMS) has acquired Innovative Management & Technology Services, LLC (IMTS). IMTS is a federal IT services provider with a long history of supporting the FBI and law enforcement; the acquisition is intended to combine complementary capabilities and accelerate growth in the federal/law-enforcement IT services market. Excendio Advisors advised IMTS on the transaction.

DeSHAZO Acquires Integrated Machinery Solutions (IMS)

March 8, 2022

Industrial Services

DeSHAZO, a family-owned manufacturer of overhead cranes and material handling equipment, has acquired Integrated Machinery Solutions (IMS) of Azle, Texas. IMS will operate as a separate business unit under its current management, expanding DeSHAZO's manufacturing, service and automation capabilities and enabling faster response to service and parts requests.

The Timken Company Acquires CGI, Inc.

August 5, 2024

Manufacturing

The Timken Company has completed its acquisition of CGI, Inc., a family-owned Nevada manufacturer of precision drive systems that serves automation markets with a concentration in medical robotics. CGI employs roughly 130 people and is expected to generate about $45 million in sales in 2024; the acquisition expands Timken's precision motion-control portfolio and capabilities.

Kloeckner Metals Acquires Industrial Manufacturing Services

November 2, 2023

Manufacturing

Klöckner & Co, through its U.S. subsidiary Kloeckner Metals Corporation (KMC), has acquired Industrial Manufacturing Services (IMS), a Lancaster, South Carolina-based metal fabricator. IMS, which operates a single facility with about 100 employees and annual sales around USD 30 million, will expand KMC’s fabrication, welding and just-in-time warehousing capabilities across North America; financial terms were not disclosed.